Overcome inhibitions and accept innovation in your organization!You see things: and you say ‘Why?’But I dream things that never were;and say ‘Why not?’ – George Bernard Shaw in Back to Methuselah Companies need to innovatively design their future when they are doing well.Learning exactly how to get ideas, develop them and implement them as innovation …
Venture capitalists can be a hard – headed breed. So, it is a pleasant surprise to find Renuka Ramnath, CEO, of that spectacularly successful fund ICICI venture, behaving like a coach. “I tried to develop ICICI Venture from my heart, from Indian roots, and not just by copying a Western model. Put the entire enterprise …
The first challenge to corporate leadership is to create a culture for innovation in and around their organizations. The following kinds of actions are needed. Encourage introspection on the recent track record of innovation at all levels – group, corporate, division, region, factory, etc. Are people satisfied? Guard against complacency, by asking for inter-firm comparisons …
Around every person or place there is a field of emotional energy. Positive emotions like love, courage, humour, compassion wonder and peace create a positive field. Energy causes all beings to act in this world. The higher the level of energy, the greater the accomplishments. When we are tired, our energy level plummets and we …
The cheerful HSBC Bank branch at Bombay’s Flora Fountain seems a hot spot for out-of-the-box thinking. Visually, it is bright and full of activity. The 35,000 strong workforce, with an average of thirty, crave change and innovation. “The worst thing we can do is shut them out. They believe in themselves, they are passionate about …
Mr. Harsh Mariwala, Chairman, Marico Industries, believes his corporate social responsibility is spreading the message of innovation, as the practice of innovation can build the nation. He believes that innovation flourishes in an open, empowering culture, a prototyping culture. ‘We give a new business idea to a team and empower them to implement it. We …
Create a wildfire of enthusiasm. This happens when every one’s fingerprints are on the Strategic Plan. Turn spectators in your organization into genuine participants, willing to dive into action. HLL’s mission ‘Bushfire’ led by the MD and CEO Nitin Paranjpe inspired 4000 employees to go out into the market for 6 days. They went into …
The world is just a gymnasium in which we play; our life is an eternal holiday’-Swami Vivekananda First install the positive field in your company, where everybody is full of a joyous, ‘Can do’ spirit. This is the ‘field’ in which creativity and innovation works best. Playfulness enhances great ideas. The environment of creativity is …
The focus is on Knowledge Banking. Industries have financial products created by industry experts. An agricultural expert with core knowledge of the field helps the Bank create financial products for this core sector. The whole banking process has an unusual sustainability model, with the business focus being people, planet and profit, instead of profit, profit, …
Consistent, long-term commitment and long-term implementation is key to making the climate of innovation a way of life. The benefits of an innovation intervention in very early phase are intangible. Long-term top-management participation and commitment is a key to success. A critical mass of participants in a company practicing the innovation tools (IT) is essential …
